Albanian Culture and History

Located in the southeast of Europe, Albania is on the Adriatic Sea, bordering countries such as Greece and Kosovo. After the fall of Communism, Albania worked to enter NATO in 2009. Although it is in process of applying to enter the European Union, its economy is already classified as upper middle income by the World Bank.

Albania has a rich biodiversity due to its location near the Mediterranean, counting animals such as the golden eagle and Egyptian vulture among its variety. With Tirana as its capital, the majority of Albanians live in cities. Although many people emigrated out of the country after communism, Albanians continue to have a thriving economy and culture which includes rich architecture, art and music tracing back to the many civilizations that occupied the region over centuries. Bukë misri (a type of cornbread) is a staple on the Albanian table.

The official language is Albanian which is spoken by a majority, and although the country is officially secular, a recent census showed a majority of the population classify themselves as Muslim with about 20% following Christianity.

2021
March 15Day off for Summer Day
March 22Nevruz Day
April 4Easter Sunday
May 1International Worker’s Day
May 2Easter Sunday (Orthodox)
May 3Day off for International Worker’s Day
May 13Eid al-Fitr
July 20Feast of the Sacrifice
September 5Mother Teresa Beatification Day
September 6Day off for Mother Teresa Beatification Day
November 28Flag and Independence Day
November 29Day off for Flag and Independence Day
November 29Liberation Day
December 8National Youth Day
December 25Christmas Day
December 27Day off for Christmas Day
  • Sh.p.k. (Shoqëri me përgjegjësi të kufizuar)
  • Sh.A. (Shoqëri Aksionere)
  • Shoqëri komandite
  • Shoqëri kolektive
  • Degë
  • Zyrë e përfaqësimit
  • Corporate Tax: 20%
  • Income Tax (Lowest Marginal Rate): 0%
  • Income Tax (Highest Marginal Rate): 23%
  • VAT/GST/Sales Tax: 20% (standard rate), 6% (tourism services)
  • Alpha Bank – Albania (Commercial Bank)
  • Banka Kombetare Tregtare (BKT) (Commercial Bank)
  • Credins Bank (CB) (Commercial Bank)
  • Credit Agricole Albania (Commercial Bank)
  • Credit Bank of Albania (CBA) (Commercial Bank)
  • First Investment Bank, Albania (FIB) (Commercial Bank)
  • International Commercial Bank (ICB) (Commercial Bank)
  • Intesa Sanpaolo Bank Albania (formerly American Bank of Albania) (Commercial Bank)
  • National Bank of Greece (Tirana Branch) (NBG) (Commercial Bank)
  • Procredit Bank (PCB) (commercial bank/microfinancing) (Commercial Bank)
  • Raiffeisen Albania (Commercial Bank)
  • Société Générale Albania (SGAL) (Commercial Bank)
  • Tirana Bank (TB) (part of Piraeus Bank) (Commercial Bank)
  • Union Bank (Albania) (UB) (Commercial Bank)
  • United Bank of Albania (UBA) (Commercial Bank)
  • Veneto Banka Albania (formerly Italian Development Bank) (Commercial Bank)

Aadmi can support you with your expansion to Albania. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns.  Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.

Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.

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